Underwriting Manager
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Role Description
The purpose of this role is to contribute towards delivery of Key Performance Indicators (KPIs) through the monitoring of account performance, control of underwriting standards, business development activity and ensuring that business written is done so in a technically excellent manner, adhering to underwriting authority and standards.
You'll participate in the Global P&C Academy accreditation, enhancing your skills in underwriting, risk engineering, pricing, and claims management while exchanging best practices across the Allianz Group. Furthermore, for pricing-based roles, Allianz Insurance offers a generous study package to enable the actuarial qualification to be obtained through the Institute and Faculty of Actuaries in the UK.
Our team values continuous learning, you can enjoy free access to top training platforms like DataCamp, Databricks Academy, and LinkedIn Learning. Additionally, we host Lunch and Learn sessions on key business topics hosted by experts across the team and monthly insight sessions, including the Data Science Forum and analyst forum, to refine your technical skills.
Salary Information
Pay: Circa £70,000 per year.
Pay is based on relevant experience, skills for the role, and location. Salary is only one part of our total reward package.
About You
As the Underwriting Manager you will be responsible for;
* Monitoring the performance of accounts and lines of business within the business unit, identifying under and over performance, implementing remedial and opportunity actions as appropriate.
* Delivering KPI targets across complex cases/portfolios worked upon to deliver the high level line of business strategies and understands Account Management principles and the impact of portfolio changes or individual cases on the account.
* Adhering to Underwriting Authority and understands the impact portfolio or case decisions have on Profit and Loss and the achievement of plan.
* Making important Commercial business decisions when they are required to support profitable development of supplier relationships, supporting the distribution segmentation strategy and delivery of plan. Provides support to stakeholders on business development activities.
* Undertaking and reports on Underwriting Inspections (where required), account control and quality
review programmes.
* Producing Technical training material and is experienced in training, mentoring and coaching. In conjunction with Head Office and training co-ordinator, organises and leads Technical training. Participates in assessment, design and delivering of technical training as required.
* Liaising with all other appropriate internal parties including Sales and Distribution, Pricing, Claims and Operations and represents the Company at internal and external forums.
Essential Skills
To be successful in this role you will have/be;
* An in-depth understanding of the make-up of policy wordings, clauses and non-standard covers available and their implications with an ability to convey that understanding.
* Ability to identify cover and hazards influencing the acceptance, pricing or terms applicable to a risk and apply risk management techniques and appropriate underwriting rules to ensure sufficient breadth of risks is available to the Company.
* Understanding of the skills and tools required for effective Underwriting and has the ability to use these key skills to underwrite risks profitably.
* An understanding of causes and costs of claims and can apply appropriate risk management tools to mitigate loss.
* An in-depth understanding of relevant legislation and its application by Line of Business.
* An understanding of Underwriting skills required to actively contribute to segmentation and product development activities.
* An understanding of Treaty and facultative reinsurance programmes and how facultative reinsurance can be used to widen risk acceptance or control exposure.
* The ability to interpret statistical data, including identification of trends, influences and anomalies on a case-by-case and local account basis.
* Full working knowledge of Microsoft Word, Excel, and Outlook.
* High level Underwriting Authority in Line of Business achieved or being worked towards.
What We Will Offer You
Recognised and rewarded for a job well done, we have a range of flexible benefits for you to choose from- so you can pick a package that’s perfect for you. We also offer flexible working options, global career opportunities across the wider Allianz Group, and fantastic career development and training. That’s on top of enjoying all the benefits you’d expect from the world’s number one insurance brand, including:
* Flexible buy/sell holiday options
* Hybrid working
* Annual performance related bonus
* Contributory pension scheme
* Development days
* A discount up to 50% on a range of insurance products including car, home and pet
* Retail discounts
* Volunteering days
Our Ways of Working
Do you need flexibility with the hours you work? Let us know as part of your application and if it’s right for our customers, our business and for you, then we’ll do everything we can to make it happen. Here at Allianz, we are signatories of the ABIs flexible working charter. We believe in supporting hybrid work patterns, which balance the needs of our customers, with your personal circumstances and our business requirements. Our aim with this is to help innovation, creativity, and you to thrive - Your work life balance is important to us.
Diversity & Inclusion
At Allianz, we prioritize diversity and inclusion, demonstrated by our numerous accreditations: EDGE certified for gender inclusion, Women in Finance Charter members, Disability Confident employer, Stonewall Diversity Champion, Business in the Community’s Race at Work Charter signatories, and Armed Forces Covenant gold standard employer.
We embrace neurodiversity and welcome applications from neurodivergent and disabled candidates, offering tailored adjustments to ensure your success.
We encourage our employees to advocate for their needs, whether it’s assistive technology, ergonomic equipment, mentoring, coaching, or flexible work arrangements.
Accessible Application for All
As part of the Disability Confident Scheme, we support candidates with disabilities or long-term health conditions through the Offer an Interview Scheme, for those meeting the essential skills for the role.
Contact our Resourcing team to opt into this scheme or for assistance with your application, including larger text, hard copies, or spoken applications.
Hr-recruitment@allianz.co.uk
For any inquiries or to submit your application, please contact: Matthew Mcekvitt
We reserve the right to close the ad early if we reach enough applications.
Closing date 09/05/25
Join us - Let’s Care for Tomorrow.
#LI-Hybrid
Join us - Let’s Care for Tomorrow